The Sector Beat: U.S. Banks – Q2’25
Earnings season is off to the races and our channel checks indicate a resilient economy across many end markets despite tariffs and continued global uncertainty.
July 18, 2025
Commencing the Quarter – Q2’25
Another earnings season is just around the corner, and investors are sure to be scrutinizing Q2 results and probing for insights into how companies are navigating the evolving and complex macro landscape.
July 3, 2025
Closing the Quarter – Q1’25
As we wrap up one of the more extraordinary earnings seasons in years, it’s clear that companies were largely able to deliver solid earnings results during Q1 owing in part to pull-forward buying behavior ahead of tariff impact, though challenging dynamics existed for certain sectors, most notably Materials and Energy.
May 16, 2025
The Sector Beat: Materials – Q1’25
Our analysis reveals the fundamentals of the Materials sector remain challenged, albeit at uneven levels, with outlooks clouded and executives preparing for various scenarios contingent upon how trade negotiations unfold and the extent to which tariff impacts ripple through the economy as the year progresses.
May 9, 2025
The Sector Beat: Consumer Discretionary – Q1’25
A sense of optimism at the start of the year has given way to tariff turmoil and souring consumer sentiment, clouding outlooks. With costs for many expected to rise no matter how trade negotiations shake out, companies are contending with a challenging environment and heightened uncertainty.
May 2, 2025
Guidance, Tariffs, and The Sector Beat: Industrials – Q1’25
Now more than ever, realism, agility, and transparency are paramount. Executives who have a clear-eyed view of risk exposure, scenario planning, and the potential duration and depth of downstream effects will be best positioned to execute and win investor trust until the tsunami-sized wave settles.
April 25, 2025
The Sector Beat: U.S. Banks – Q1’25
Overall U.S. bank commentary reflects a marked downshift from the largely upbeat tone executives expressed at the start of the year, with tariffs and heightened uncertainty clearly weighing on sentiment and business activity.
April 18, 2025
Commencing the Quarter – Q1’25
In the interim, companies should expect order books to slow and decision-making hesitancy to rise. Countries will respond with tariffs of their own, engage in dialogue with the Trump Administration, and jockey for position.
April 4, 2025
Closing the Quarter – Q4’24
As we wrap up our coverage of Q4’24 earnings season, it’s clear that despite the spurts of market volatility induced by policy uncertainty, companies have continued to put together solid earnings results.
February 28, 2025
This Week in Earnings: Final Snapshot – Q4’24
Year to date, the S&P 500 has gained 4.0%, with most of the increase occurring in January. Since then, performance has remained relatively flat, with an uptick of less than 1% this month. Notably, only two of the ‘Magnificent 7’ companies — Meta and NVIDIA — have posted gains for the year, and the overall lackluster performance of this group, which accounts for roughly 30% of the benchmark, has weighed down the S&P 500.
February 21, 2025